The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Watson Farley & Williams has posted a 12 per cent hike in turnover for the 2011-12 financial year, with revenue just shy of £100m.
Turnover at Watson Farley & Williams was £99.8m for the 2011-12 financial year, up 12.3 per cent on 2010-11’s £88.8m. Profit per equity partner at the firm, meanwhile, is expected to be roughly static at around £455,000. In 2010-11 it was £458,000.
In a statement, managing partner Michael Greville, said: “This year’s financial results show a respectable level of growth and, even though we did not quite reach the £100m milestone, we are pleased with this, which reflects the strength of our business model, delivering investment and finance work in our core sectors to a consistently high standard across jurisdictions.
“Our strategy continues to support expansion and during the last financial year we invested significantly, including recruiting 15 lateral partner hires and opening a new office in Hong Kong.
“This level of income represents an increase of over 70% in the four years since April 2008 and is a fitting way to end WFW’s 30th year in business.
Later that month, the firm established a joint venture in Singapore (11 October 2011) and in February 2012 recruited a partner from Goodwin Procter as it finalised its plans to launch an office in Hong Kong (17 February 2012).